Investment ideas

Tactical recovery

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The abrupt plunge in share prices at the outset of the year has to be seen as starting point of a protracted strategic consolidation of global equities. Within this broad horizontal pattern, there are signs of an emerging recovery phase. In a best-case scenario, the highs achieved in late February could be revisited. Depending on the specific region/sector, this opens up a hypothetical upside of between 5 and 8%.“

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